Finding the best hard money lenders in Cape Coral FL is crucial to your real estate investing success. Whether you’re new to real estate investing or you’ve been doing it years, your Cape Coral hard money loans can end up costing you thousands of dollars if you don’t select your hard money lender carefully. Whether you’re looking for a fix and flip loan or a longer term rental loan for the BRRRR Method, a bad hard money loan can cost you thousands of dollars in profit if you don’t account for things like origination fees, monthly interest, prepayment penalties and more. On the flip side, a favorable hard money loan can provide the financing you need to make a deal possible and successful. Cape Coral private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Cape Coral FL
Birchwood Loans
Birchwood Hard money offers Hard money loans for Real Estate Investors in Tampa and surrounding areas. With Birchwood, you will find a fast and easy source of hard money lender funding for your real estate investments. They can finance up to 60% LTV for a period of up to 5 years and provide interest only payments. They can give you an approval within 24 hrs. The paperwork for the closing is typically 3-5 business days.
AHL Hard Money
AHL Hard Money offers the following niche programs: Hard money loans, private money loans, cash out refinance, bad credit loans, home equity loans. According to their website, they specialize in special needs. Whether that be for credit challenged borrowers, the self employed, or other unique circumstances.
Bridgewell Capital
Bridgewell Capital is a hard money lender based in Orlando. They offer rehab loans for flips and for rental properties. They also do multifamily loans and commercial loans.
Here are some of their fix and flip loan terms:
- Up to 100% of rehab costs
- Up to 75% ARV
- Closings in 10 days
- Damaged Credit Okay
- No interest on undrawn rehab funds
- No pre-payment penalty
Civic Financial Services
Our next hard money lender is CIVIC Financial Services. CIVIC is a best-in-class real estate lender that provides fast and simple financing to real estate investors. Whether the intention is to buy a single-family home to flip, to leverage an existing portfolio of rental homes to hold long term, or to acquire multifamily real estate for cash flow, they have a focused team and set of products that empower investors to build wealth through real estate.
A2Z Capital Lending
A2Z Capital Lending is a Florida based hard money lender. They have excellent reviews on Google and a professional website. They’ve been operating in Florida in many years so you can use them confidently.
Unlike traditional bank loans, the ability to obtain hard money financing isn’t determined by the borrower’s credit worthiness. Instead, A2Z Capital Lending uses the value of the property itself in determining whether to make the loan.
FAQ about the Best Hard Money Loans in Cape Coral
What Do Cape Coral Hard Money Lenders Charge?
Hard money loan rates in Cape Coral range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Cape Coral also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Cape Coral Require Appraisals?
With most hard money lenders in Cape Coral, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Cape Coral?
Hard money loans in Cape Coral are loans secured by real estate used to purchase or rehab that piece of property. These short term loans are used to purchase and/or rehab residential or commercial properties. They’re usually more expensive than traditional loans but can be closed faster and oftentimes with less credit requirements.
More About Cape Coral Florida
Cape Coral is a beautiful city located in southwest Florida, known for its stunning beaches, water sports, and outdoor activities. The city is situated on the Gulf of Mexico and is home to over 400 miles of canals, making it a popular destination for boating and fishing enthusiasts. Here is a detailed review of Cape Coral, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Beaches: Cape Coral is home to some of the most beautiful beaches in Florida. The most popular beaches include Sanibel Island, Captiva Island, and Fort Myers Beach. These beaches offer crystal clear waters, white sand, and plenty of opportunities for water sports like kayaking, paddleboarding, and jet skiing.
2. Explore the Canals: Cape Coral is known as the “Waterfront Wonderland” due to its extensive network of canals. Visitors can rent a boat or take a guided tour to explore the canals and see the city from a different perspective.
3. Go Fishing: Cape Coral is a popular destination for fishing enthusiasts. The city is home to a variety of fish species, including tarpon, snook, and redfish. Visitors can book a fishing charter or head to one of the many fishing piers in the area.
4. Visit the Parks: Cape Coral has over 30 parks, offering plenty of opportunities for outdoor activities like hiking, biking, and picnicking. Some of the most popular parks include Four Mile Cove Ecological Preserve, Jaycee Park, and Rotary Park.
5. Play Golf: Cape Coral is home to several golf courses, including the Coral Oaks Golf Course and the Royal Tee Golf Club. These courses offer beautiful views and challenging holes for golfers of all skill levels.
Places to See:
1. Cape Coral Historical Museum: The Cape Coral Historical Museum offers a glimpse into the city’s past. Visitors can see exhibits on the city’s early settlers, the Calusa Indians, and the history of the canal system.
2. Sun Splash Family Waterpark: Sun Splash Family Waterpark is a popular destination for families. The park features water slides, a lazy river, and a wave pool.
3. Edison and Ford Winter Estates: The Edison and Ford Winter Estates are located in nearby Fort Myers and offer a glimpse into the lives of two of America’s most famous inventors. Visitors can tour the homes and gardens of Thomas Edison and Henry Ford.
4. J.N. “Ding” Darling National Wildlife Refuge: The J.N. “Ding” Darling National Wildlife Refuge is located on nearby Sanibel Island and offers visitors the chance to see a variety of wildlife, including alligators, manatees, and over 200 species of birds.
5. Cape Coral Farmers Market: The Cape Coral Farmers Market is held every Saturday and offers visitors the chance to buy fresh produce, baked goods, and handmade crafts from local vendors.
Food to Eat:
1. Seafood: Cape Coral is known for its fresh seafood. Some of the most popular seafood restaurants in the area include Rumrunners, Lobster Lady Seafood Market and Bistro, and Fish Tale Grill by Merrick Seafood.
2. Cuban Food: Cape Coral has a large Cuban population, and visitors can find some of the best Cuban food in the area at places like La Bamba Cuban Cafe and El Mambo Cuban Cafe.
3. Italian Food: Cape Coral has several Italian restaurants, including Ciao Wood Fired Pizza and Trattoria Mia.
4. Barbecue: For those who love barbecue, Cape Coral has several options, including Famous Dave’s and Bubba’s Roadhouse and Saloon.
5. Craft Beer: Cape Coral has several breweries, including Big Blue Brewing and Point Ybel Brewing Company, offering a variety of craft beers and pub food.
Overall, Cape Coral is a beautiful city with plenty of things to do and see. Whether you’re looking for outdoor activities, cultural experiences, or delicious food, Cape Coral has something for everyone.